Tag Archives: Eurasian Resources

Kazakhstan: S&P forecasts higher financial stability of ERG

S & P Global Rating believes that the Eurasian Resources Group will see a higher financial stability, and has increased its long-term rating to B from B-. Last year the group EBITDA reached $2 billion, and its free fund flow was positive ($476 million). The group was able to strengthen its positions due to FeCr…

Kazakhstan: Eurasian Resources implements Industry 4.0 technology

Eurasian Resources has implemented the Industry 4.0 technology at its Kacharsky mine. With the investments of $10 million the new module automated system of manufacturing processes now plans shipping and delivery of products. This means the mine can in real time control the mining process to increase output. (Ukrainian metal)